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Tenanted Investment Property Blackpool

Blackpool, Lancashire
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  • Freehold: £195,000
  • Turnover: £15,600 £300 Per week
  • Net Profit: Not Applicable

Business Details

    Prominent Main Road Location

    70 Metres From Promenade

    Spacious Property

    Long Term Tenants

    8% Yield

    Short Drive To Blackpool Pleasure Beach

    Fish & Chip Takeaway & Restaurant - Tenanted

    Annual Rental Income £15,600

    Two Modern SC Flats - Tenanted

    Well Presented Throughout

    Could Accommodate Any Cuisine

    EPC - D

Description:
REF 7681 – Freehold Tenanted Investment Property
Blacks Business Brokers are pleased to bring to the market this freehold tenanted investment property located in the heart of Blackpool, Lancashire.

INTRODUCTION
144 Lytham Road is a large mid terraced property in a very busy and highly sought after area of Blackpool. The property is made up a of busy fish & chip takeaway and restaurant including two (two bedroomed) flats - our client has three long term tenants in place – one commercial and two residential.

LOCATION
144 Lytham Road occupies an impressive main road position in the heart of Blackpool. The world famous illuminations are just short distance from the property and it is dotted right in-between central and south piers. The area is densely populated commercially and residentially with neighbouring businesses including independent retailers as well as many large multiples. Blackpool is busy all year round with many tourist attractions and fantastic nightlife. There are also a number of local amenities nearby including housing estates, schools, medical centres and hotels. The area is well linked by the M55 with very strong public transport links and parking is available in the immediate area.

REASON FOR SALE
The business is an ideal investment opportunity but due to our client’s up and coming retirement and other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner.

FINANCIAL DETAILS
The property yields an annual income of £15,600. This is made up of £4,500 per annum per flat and £6,600 per annum for the commercial let.

SUMMARY
This property is positioned in a highly sought after and busy area of Blackpool. The property is tenanted with three self contained areas and all have been maintained well. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
The commercial area within this property is all within the ground floor and this is currently operating as a fish and chip takeaway/restaurant. The business has large branding and signage above a glazed frontage. The takeaway has a fully fitted four pan range and two chip servers. There is also a serving counter and a five pan bain marie. There is also a spacious dining room with toilet facilities as well as a preparation kitchen and a wet room for rumbling and chipping. The lower ground floor is currently used by the business tenant as a storage area.
The two residential flats are within the first and second floor. These are both two bedroomed. The first floor flat comprises of a lounge, kitchen, two bedrooms and bathroom. The second floor flat comprises of a lounge, kitchen, two bedrooms and bathroom with shower. The property benefits from double glazing throughout, gas central heating and each flat has individual electric and gas meters.



Fixtures & Fittings:
All Fish & Chip Shop Equipment Belong To Property Owner And Is included In The Sale

BUSINESS RATES
The business currently benefits from small business rates relief.


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Contact Agent

Contact the seller for more details, or book a viewing

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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Contact seller

Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Rest your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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